Jaipur Vidyut Vitran Nigam Ltd. vs Mb Power (Madhya Pradesh) Limited

The Supreme Court upheld the High Court's order directing the State of Rajasthan to purchase 906 MW of electricity from successful bidders, including 200 MW from MB Power at a levelized tariff of Rs.5.517/Kwh, as per the Electricity Act, 2003, specifically under Section 63. The Court emphasized the binding nature of the competitive bidding guidelines and the necessity for the execution of the Power Purchase Agreement (PPA) with PTC India. The interim tariff of Rs.2.88 per unit was also affirmed, pending the outcome of related civil appeals.